Islamabad: The Federal Tax Ombudsman (FTO) has launched a major initiative to facilitate taxpayers in filing their annual income tax returns, offering free-of-cost services to the public. The newly established Facilitation Desk at the FTO headquarters has already seen a significant number of taxpayers, including individuals and salaried employees, taking advantage of the service.
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FTO Imposes Deadline on FBR for Property Valuation Revisions
ISLAMABAD: The Federal Tax Ombudsman (FTO) has set a strict deadline of October 11, 2024, for the Federal Board of Revenue (FBR) to complete the long-delayed revision of property valuations across Pakistan.
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FTO Establishes Facilitation Desk for Tax Return Filing
Islamabad, October 1, 2024 – In a significant move to alleviate challenges faced by taxpayers, the Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah on Tuesday launched a dedicated taxpayer facilitation desk at the FTO headquarters in collaboration with the Federal Board of Revenue (FBR).
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FTO Announces Setting Up Help Desk at KATI
Karachi, August 7, 2024 – Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has announced the establishment of a help desk at the Korangi Association of Trade and Industry (KATI) to address the tax issues faced by industrialists.
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FTO Directs FBR to Conduct Comprehensive WHT Audit of Banks
ISLAMABAD, July 16, 2024 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a detailed withholding tax (WHT) audit of commercial banks to address potential revenue leakage.
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Overseas Pakistanis Can Import Vehicles After 2 Years: FTO
Lahore, July 15, 2024 – In a significant move, the Federal Tax Ombudsman (FTO) has clarified the regulations for overseas Pakistanis regarding vehicle importation. The ruling specifies that expatriates can import vehicles under the baggage scheme, transfer of residence scheme, and gift scheme, provided they adhere to a newly enforced two-year interval.
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FTO Exposes Tax Credit Problems in Leased Vehicles
Karachi, July 14, 2024 – The Federal Tax Ombudsman (FTO) has uncovered a significant problem with the withholding tax system for leased vehicles in Pakistan. This issue can lead to double taxation and denial of rightful tax credit for individuals and businesses leasing cars.
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FTO Directs FBR to Streamline WHT Collection from Banks
PkRevenue.com – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to overhaul and streamline the withholding tax collection system from commercial banks. This order comes after numerous studies and internal investigations highlighted significant inefficiencies in the current regime.
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FTO Recommends Simplification of Income Tax Returns
PkRevenue.com – The Federal Tax Ombudsman (FTO) has proposed that tax authorities streamline income tax returns to make it easier for taxpayers to fulfill their civic duties.
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FTO Comforts Importers with Audit Notice Withdrawal Order
In a significant move to alleviate concerns within the importing community, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw legally questionable audit notices issued to importers.
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